Following the Democrats’ victory in the US midterm elections, which secured control of both the House of Representatives and the Senate, markets experienced sharp declines.
At this point, a sharp sell-off occurred in US technology stocks. US President Donald Trump blamed the Democrats for the sharp decline in US stock markets and said that the sell-off, which followed the Democrats gaining control of both houses of Congress in the midterm elections, had also shrunk Americans’ 401(k) retirement accounts.
As Trump intensified his attacks against the Democrats, this decline in the stock markets also affected Bitcoin, which fell to levels around $75,000.
